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A sharp increase in tariffs on small parcels from China to the U.S. has caused a supply slump, impacting giants like Shein and Temu. In May, trade volume dropped to $1B — the lowest since early 2023. 🤔 What happened ⚫ As of May 2, the duty exemption for parcels under $800 (the “de minimis” rule) was removed ⚫ New tariffs reach up to 54% on clothing, household goods, and electronics ⚫ Shein and Temu raised prices and saw double-digit sales declines ⚫ Chinese sellers are now forced to use warehouse shipments — with costs reaching tens of thousands of yuan 📌 Why it matters ⚫ Hundreds of thousands of Chinese sellers are losing their cheap gateway to the U.S. market ⚫ Competition is shrinking — consumers face higher prices ⚫ Small parcel volume to the U.S. dropped 40% year-over-year ⚫ Winners include markets like Malaysia, Belgium, and South Korea, where exports are rising “This is a lose-lose — for both sellers and consumers,” says Wang Yuhao, founder of Shantivale